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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 170,523 $ 156,017
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 107,017 109,156
Amortization 7,643 6,788
Stock based compensation 15,005 17,823
Provision for doubtful accounts 124 369
Deferred income taxes (2,265) (661)
Defined benefit plan expense 12,932 12,632
Equity in results of affiliates 142 187
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts and other receivables (46,038) (54,243)
Inventories (1,392) (11,284)
Prepaid and other current assets (10,839) (14,244)
Accounts payable and accrued liabilities 49,158 3,491
Income taxes payable 2,061 (595)
Retirement and deferred compensation plan liabilities (20,621) (14,419)
Other changes, net (18,288) (8,597)
Net Cash Provided by Operations 265,162 202,420
Cash Flows from Investing Activities:    
Capital expenditures (120,803) (92,366)
Proceeds from sale of property and equipment, including insurance proceeds 2,345 2,049
Settlement for derivative (66,155)  
Maturity of short-term investments   29,485
Acquisition of business, net of cash acquired   (202,985)
Acquisition of intangible assets   (2,491)
Investment in unconsolidated affiliate (5,000)  
Notes receivable, net 451 777
Net Cash Used by Investing Activities (189,162) (265,531)
Cash Flows from Financing Activities:    
Proceeds from (repayments of) notes payable (63,905) 132,622
Proceeds from long-term obligations 625,525 5,950
Repayments of long-term obligations (4,836) (53,512)
Dividends paid (60,002) (56,597)
Credit facility costs (2,937)  
Proceeds from stock option exercises 66,686 49,457
Purchase of treasury stock (72,270)  
Common stock repurchased and retired (40,994) (84,790)
Excess tax benefit from exercise of stock options   7,960
Net Cash Provided by Financing Activities 447,267 1,090
Effect of Exchange Rate Changes on Cash 29,112 4,857
Net Increase (Decrease) in Cash and Equivalents 552,379 (57,164)
Cash and Equivalents at Beginning of Period 466,287 489,901
Cash and Equivalents at End of Period $ 1,018,666 $ 432,737